Eligible Advances definition

Eligible Advances means the advance Producer(s) is/are entitled to as calculated in the APP Application or any amendment thereto;
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Eligible Advances the aggregate amount of Loans that would otherwise be available to be borrowed based upon the formulas set forth in any Borrowing Base Certificate.
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Eligible Advances collectively, each Advance due to a Borrower that is designated by the Agent, at the time such Advance is initially requested to be added to the Borrowing Base pursuant to a Borrowing Base Certificate or following a Material Amendment, in each case, in the Agent’s sole and reasonable discretion, to be an Eligible Advance. Notwithstanding anything in this Agreement or any other Loan Document to the contrary, at no time shall any Advance described below be deemed an Eligible Advance:
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Examples of Eligible Advances in a sentence

  • The balance will be eligible for Ginnie Mae advance assistance ("Eligible Advances").

  • This APP Application shall automatically become effective, without any further action on the part of the parties, upon approval of this APP Application by the SSFPA, and shall terminate upon repayment of all Eligible Advance(s) provided for in this APP Application.

  • For interest-bearing Eligible Advance(s), interest will be added on a monthly basis as charged to SSFPA by BMO.

  • Eligible Advance(s) is/are deemed to have been received on that portion of the Crop(s) first sold.

  • A similar procedure will be followed for Ginnie Mae II pass-throughs with issuers receiving wire transfers on May 20, June 21 and July 20, 1999.As noted above, issuers subject to these Supervisory Agreements with Ginnie Mae will be obligated to repay Eligible Advances to Ginnie Mae on the expiration of the 90-day term, which will be in August, September and October 1999, as appropriate.

  • Producer(s) further agree(s) that any payout of this insurance will first be used to repay any outstanding Eligible Advance(s).

  • Producer(s) hereby grant(s) to the SSFPA a security interest in the Crop(s), and in the proceeds of any eligible BRM program as identified in Appendix B of this APP Application, including all AGRISTABILITY proceeds to secure repayment of Eligible Advance(s) plus interest and costs.

  • In the event the SSFPA is notified by the holder of a registered Purchase Money Security Interest (PMSI) that it has security from Producer(s) for crop inputs supplied by such holder to Producer(s), Producer(s) acknowledge(s) and confirm(s) that the SSFPA may, in its uncontrolled and unfettered discretion, include the name of the holder of such PMSI as payee(s) on Eligible Advance(s) advanced by the SSFPA pursuant to this APP Application.

  • The SSFPA shall make an Eligible Advance(s) calculated in accordance with the Worksheet and using the Advance Rate(s), upon the execution of this APP Application by the SSFPA.

  • Producer(s) shall respect the terms of the BRM program used as security as per section 4.0 of these terms and conditions and shall ensure that any payments from the BRM program related to the Crop(s) are forwarded to the SSFPA up to the extent of Eligible Advance(s) and the Producer(s) must notify the SSFPA if further requests for an assignment of the BRM program proceeds are made, granted or registered.

Related to Eligible Advances

  • Revolving Advances means Advances made other than Letters of Credit.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • Nonrecoverable Advance Any portion of an Advance previously made or proposed to be made by the Master Servicer that, in the good faith judgment of the Master Servicer, will not be ultimately recoverable by the Master Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise.

  • Revolving Advance has the meaning given in Section 2.1.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • LIBO Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Maximum Revolving Advance Amount means $35,000,000.

  • Agent Advances has the meaning set forth in Section 2.3(e)(i).